Blog
Latest NewsN. Mark Kramoltz, JD, GRI, CIPS writes blog articles on the metro Phoenix, Arizona, national and global real estate markets. Written from his perspective as a designated broker and real estate attorney, his articles avoid the inaccuracies and vacuous industry propaganda common to most real estate writings. Due to his love of animals and military history, he also frequently writes about dogs, cats and horses that have played a role in military conflicts. Subscribe to his blog now!
Phoenix Area in Top 10.
For the first time the Phoenix area appeared as one of the top 10 areas for foreign commercial investment. Last year a couple of large purchases by Artis REIT, a Winnipeg, Manitoba company, helped push the Valley of the Sun into the record books. Besides Canadians,...
Ho-Hum, not Ho, Ho, Ho.
The end of year and holiday resale home statistics don’t bring much cheer. Mike Orr of ASU’s Center for Real Estate noted that the greater Phoenix market lost momentum in the last 6 months of 2015, except for the entry level market, which is chronically under...
Condo Pre-MLS Opportunity!
This immaculate, professionally-designed 1,491 square foot condo exudes modern elegance. It's 2 bedrooms and 2 full baths and a private covered patio/deck is a perfect setting for relaxing and entertaining, its ideally located in the highly coveted Sage Condominium...
5 Mortgage Lending Myths.
Myth # 1: You won’t be approved. The requirements to buy a home may not be a tight as you think they are. Some terms have been relaxed. Talk to a reputable loan officer before ruling yourself out. Myth # 2: Talking to a lender can wait. Don’t leave talking to a...
First-time Buyers Fall Again.
The share of first-time buyers declined for the third consecutive year according to an annual survey by the National Association of REALTORS. First-time sales remained at their lowest point in nearly 3 decades, and was the 2nd lowest since inception of the study. The...
Will Luxury Home Prices Continue to Fall?
Home prices in the luxury market (at least $1 million) fell in the 3rd quarter for the first time since 2012. The reason for the decline may be that wealthy buyers fear that prices have climbed too high, too quickly. Also foreign investors could be buying less due to...